Accelerate Diagnostics Stock Forecast
Red day on Tuesday for Accelerate Diagnostics
(Updated on May 07, 2024)
The Accelerate Diagnostics stock price fell by -2.17% on the last day (Tuesday, 7th May 2024) from $0.92 to $0.90. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 9.99% from a day low at $0.90 to a day high of $0.99. The price has fallen in 7 of the last 10 days and is down by -5.26% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 21 thousand shares were bought and sold for approximately $18.99 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.20% during the next 3 months and, with a 90% probability hold a price between $0.513 and $0.761 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AXDX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 22.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Accelerate Diagnostics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.92 and $0.91. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Accelerate Diagnostics stock
Accelerate Diagnostics finds support from accumulated volume at $0.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0899 between high and low, or 9.99%. For the last week the stock has had daily average volatility of 8.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AXDX) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Accelerate Diagnostics to open at $0.93, and during the day (based on 14 day Average True Range), to move between $0.82 and $0.98, which gives a possible trading interval of +/-$0.0754 (+/-8.37%) up or down from last closing price. If Accelerate Diagnostics takes out the full calculated possible swing range there will be an estimated 16.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.89 (1.17%) than the resistance at $0.94 (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Accelerate Diagnostics will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.720. We will update the financials statements for Accelerate Diagnostics, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.82% in the first trading day after earnings release.
Is Accelerate Diagnostics stock A Buy?
Accelerate Diagnostics holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.813 Sell Candidate Unchanged
Predicted Opening Price for Accelerate Diagnostics of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.93 ( 3.33%) | $0.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AXDX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.02 | 13.32 % | |
| R2 | 0.99 | 9.50 % | ||
| R1 | 0.96 | 7.15 % | ||
| Current price: | 0.90 | |||
| Support | S1 | 0.90 | -0.486 % | |
| S2 | 0.87 | -2.84 % | ||
| S3 | 0.84 | -6.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 14.44 % | |
| R2 | 0.95 | 5.56 % | ||
| R1 | 0.94 | 4.47 % | ||
| Current price | 0.90 | |||
| Support | S1 | 0.89 | -1.17% | |
| S2 | 0.84 | -6.68% | ||
| S3 | 0.737 | -18.17% |
FAQ
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